Ethereum $ETH

It has formed a positive "Head and Shoulders" pattern on the daily and weekly frames for the past three days, and this is the third time Ethereum has touched the area above 2700 and then dropped.

The same behavior as Bitcoin when it was trying to break the price channel at 88 thousand, after several attempts it succeeded.

The most notable currency that has caught my attention for days because its rise will positively impact other altcoins, and I believe it will touch the number we discussed earlier on the Ethereum to Bitcoin chart above 0.0310.

If you are currently trading Ethereum (ETH) for quick trades, I suggest you place a close stop-loss at 2606 dollars "1-hour candle close".

If you can tolerate a larger loss, it will be necessary for the stop-loss to be at 2510 dollars "daily close" and your target is above 3200 dollars.

❄️ Note: Ethereum is positive on the OBV indicator and can rise either from here or at 2516 dollars. The failure point is closing below 2510 dollars.

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